Monday, October 4, 2010
Information Based Design - Next Gen Data Warehouses
Tuesday, September 21, 2010
Active vs. Passive Intelligence
Monday, August 16, 2010
Metadata for Healthcare
Friday, July 23, 2010
Meaningful Use - Final Rule - Again!
By now, you have all read the 864 page meaningful use Final Rule and are prepared to be compliant right? Well, if not, we’d like to talk to you about Compliance Reporting for Meaningful Use.
As you may already know, there are 15 core measures that you have to electronically report to CMS to be compliant. And you may already know that a CCHIT certified EHR alone is not going to help you get there. Let us take a moment to introduce you to Meta Analytix’s comprehensive informatics platform designed specifically for Healthcare, Integra.
As a savvy executive, you already know what Informatics can bring to the table in increasing profitability, improving your organization’s competitiveness in the marketplace and having a single view of your entire organization. Some of the statistics that you may not know are these. Best in class Hospitals that have used centralized business intelligence have achieved:
* Increased profitability from 1%-9% (Aberdeen Research)
* An average of 36 days to receive payment on accounts vs. 46 days for all others (Aberdeen Research)
* A nurse turnover rate of 10% vs. 14% for all others (Aberdeen Research)
Given this scenario, how can we help? Take a look at the salient features of Integra
* Over 400 Healthcare measures pre-loaded, including meaningful use measures
* Enterprise Class ETL platform built in (http://expressor-software.com).
* Can acquire data from your EHR software, SAS, COBOL and others
* Standardized data definitions pre-loaded for Healthcare
* Flex DimensionalTM Data Model ready for staging and reporting
* Enterprise Open Source BI platform for reporting, drill down analysis and dashboard building.
* Low Total Cost of Ownership (TCO)
* Low implementation lifecycle. (Avoid making costly purchases of individual components and building from scratch)
* Experienced Consultants to work with you to implement your informatics platform seamlessly with minimal workflow interruption
As you can see, Integra is the only informatics platform pre-built for Healthcare and ready to get you to to Meaningful Use in the quickest possible time. For additional information, please see the attached brochure or visit our website: http://www.metaanalytix.com
Contact us for a demo or for your consulting needs:
Phone: 866.611.8595 Ext. 1 or Ext. 2
Email: info@metaanalytix.com
Tuesday, July 20, 2010
Meaningful Use - Final Rule
Monday, May 24, 2010
Informatics Webinar
Tuesday, April 20, 2010
Competition
Monday, March 15, 2010
Metadata & Master Data Management
Well folks, I am going to tell you a secret. This is a secret that we, I mean technologists, have hidden from you for long. Much like the wall street "experts" who are now "fixing" the problems they created in the first place and getting paid for it, we are doing the exact same thing. This is an issue that we created (I mean technologists). Now we have cool technologies like metadata repositories and dictionaries that can give you standardized data definitions across the enterprise, but we'll need you to pay us for the "cool technology" we created to solve "your issues"!
Why bother?
Answer is simple. Have you ever had Gatorade? Yellow, Blue, Orange? Well if you have, you get different "flavors" of the same thing. Same thing with business intelligence. If you want to call something a pot, call it a pot. Don't call it pot in one place, a vessel in another and a container in another place. Unfortunately, the reality is just that. A pot is called a pot in one system, a vessel in another and a container in a third. If you tried to print out the value of a "pot" for your CEO to see, you would have to sit there and explain "well, it is the same thing, but it may be called a container on page 2"! You can imagine the reaction. Enter metadata and masterdata management! We take the pots and the containers and the vessels, call it a pot, make sure the attributes of all three are the same, store it in a dictionary and charge you a couple of millions for it! Sound cool? No?
What can I do?
There are things you can do and not break the bank while doing it. Old fashioned discipline and planning, for example. And you, as the healthcare exec, is in luck! Because, if you are like most companies, you have a clean slate to start with, in terms of informatics. So, with a little bit of planning upfront, you can avoid a lot of costs later. Incorporate metadata/master data management into your informatics initiative early on. In other words, don't build a warehouse without it! Just like you put planning and thought into collecting your measures, think of having standard data definitions across the enterprise. Reach out to folks like SNOMED to see what they are doing. Trust me, your upfront costs will be a drop in the bucket if you have to do it as an afterthought. It will also ensure better data quality as the data won't get into your system without rationalizing with your dictionary first.
So when your buddy from the other hospital is worried about his/her metadata, you can simply say, "we have incorporated that into the "front end" of our process", take a long hard look at the fairway, judge the wind speed and let it rip!
Wednesday, January 27, 2010
Golf is like Business Intelligence!!
Let's take a look. Golf is unlike other games we play. For example, if you want to play soccer, you'll go get a ball, get 22 of your friends together , find an open space and take four sticks and stick them at the opposite ends for goal posts and you are ready to go. Not with GOLF!
Even before you set foot on the course, you have to buy a set of clubs. ($2000 for a decent set). Balls - $15.00 a dozen, unless you want the soft core max distance "I can fly like a bird" kind.
Tees - $1.50
Gloves - $16.00
Shoes - $150.00
Attire ; $100.00
Lessons (unless of course you want to invest in more balls and be the laughing stock of your buddies) - $500
Round of Golf - $50.00
Your game? - Sketchy at best for the first few rounds.
Now let's look at your BI initiative:
Hardware - Depending on how many you buy, could go upto $150K.
ETL Software (Server licences) - $750K
ETL Software (Developer licenses) - $150K
Database Server license - $100K ( Again, depending on how many you buy, this could go upto $500K)
BI Server License - $60K
BI Developer Licenses - $2K
Now, you have the equipment. Next step? Hire a Golf Pro (Usually known as Big Six consulting firm) to do a gap analysis and come up with a roadmap for implementation - $200K
You can't go golfing without your buddies now, can you? (Well, if you are like me and obsessed with the game of golf, you might just do that.) But I am not talking about us corner case scenarios then, am I? Let's call your buddies your implementation team. Total cost over a period of 8 months of implementation? $1.9 M
So, like the game of Golf, even before you set foot on the course, you have spent about $2M. Then, after the round of golf (implementation period), about $4M. Get the picture? ROI??
What can you do to avoid costly mistakes?
Step1: The first thing to do is to go through the "Measure Everything That Really Impacts Customers (METRIC)" process . Once you have the repository of metrics and have decided how you want to see your data and how often, then you can go to step 2.
Step 2: Prioritize your measures according to business need. Apply the 80/20 rule. Basically, 20% of your metrics should give you 80% of the value.
Step 3: Evaluate technology solutions that fit your need
Step 4: Purchase
Step 5: Implement
Step 6: Test and Deploy
Maximum value can be achieved with a little careful planning upfront. Now, you can go play a good round (and if you are in Jacksonville, call me for that round) of golf knowing that your BI initiative is better than 60% (according to Gartner) of the initiatives out there!
Monday, January 11, 2010
The Biggest mistake some Health IT Executives will make this year
The basic premise of "meaningful use" is to achieve two things.
1. Improve Quality of Care
2. Reduce Cost of Care.
Now, there will be some EHR solutions out there that will satisfy your government mandated reporting requirements. The question is, will that help reduce the cost of care or improve quality of care? The answer is a resounding NO! Why? The EHR solution, web-based or otherwise, is only going to add another silo of data in your organization. It's not going to show you the "correlation" between "Central Line infection rates" and the cost of care. It's not going to show you the correlation between "Average waiting time" and loss of revenue associated with patients leaving without being seen. Nor will it be able to historically report on the "Percentage of patients given smoking cessation counseling" and how that has improved "quality of care".
So, blindly implementing an EHR slution is only going to add another department that you have to manage. Another silo, collecting data, without producing any "meaningful use" for your organization.
So, while you are in the process of evaluating EHR software, consider the TCO and ROI for those investments. Consider how you can leverage the data being generated to add profitability to the business. Consider how you can leverage your existing data and add some "real intelligence" to the business.
Tuesday, January 5, 2010
Why Informatics?
Savings!!
If you are seriously considering reducing cost of care, the only way to do it is through knowledge. I mean, knowledge of your business. What are my central line infection rates? What is the average waiting time for my patients? What is the average bed occupancy rates? Having answer to these questions and many more will help you produce an effective strategy to make your business more efficient. Efficiency will then translate to savings. We all know that.
Legislation/Compliance!
If you are not already on top of this, please take some time to read through it. You will avoid a lot of heartache down the line. ARRA has some 20 odd measures that you have to report on. With penalties associated with it, if you don't comply. But other than that, when you are looking at an informatics solution, you should probably think ahead to more than just those measures and how implementing a comprehensive solution will affect the bottom line of the business. Also, you could be missing out on the Medicaid funding allocated to provider organizations under the ARRA. $2-$8M allocated for hospitals and $44K allocated for individual physicians. ROI is very evident.
That's about it.